LVNV: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LVNV
Largest movements
- Receivables within one year +€177,677
up €177,677 (+248.0%), from €71,645 to €249,323
of which Trade receivables: +€177,207
- Stocks and contracts +€74,980
up €74,980 (+348.4%), from €21,520 to €96,500
- Tangible fixed assets -€11,725
down €11,725 (-29.0%), from €40,453 to €28,728
of which Furniture and vehicles: -€6,923
- Trade debts +€218,378
up €218,378 (+599.9%), from €36,402 to €254,780
- Other debts +€23,332
up €23,332 (+52.3%), from €44,651 to €67,983
- Tax, wage and social debts +€19,313
up €19,313 (+75.0%), from €25,765 to €45,078
of which Taxes: +€18,930
- Profit (loss) carried forward -€13,586
down €13,586 (-493.2%), from -€2,755 to -€16,341
- Debts after one year -€6,738
down €6,738 (-24.8%), from €27,205 to €20,467
- Gross operating margin -€7,825
down €7,825 (-8.3%), from €93,833 to €86,007
- Depreciation +€4,296
up €4,296 (+57.8%), from €7,429 to €11,725
- Taxes -€2,168
no longer reported in 2025 (was €2,168)
- Financial charges +€1,426
up €1,426 (+46.1%), from €3,096 to €4,523
- Financial income -€1,114
no longer reported in 2025 (was €1,114)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,661 | €381,705 | +€241,044 | +171.4% |
| Fixed assets | 21/28 | €45,453 | €33,728 | -€11,725 | -25.8% |
| Tangible fixed assets | 22/27 | €40,453 | €28,728 | -€11,725 | -29.0% |
| Plant, machinery and equipment | 23 | €2,167 | €1,727 | -€440 | -20.3% |
| Furniture and vehicles | 24 | €32,477 | €25,554 | -€6,923 | -21.3% |
| Other tangible fixed assets | 26 | €5,810 | €1,447 | -€4,362 | -75.1% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €95,207 | €347,976 | +€252,769 | +265.5% |
| Stocks and contracts in progress | 3 | €21,520 | €96,500 | +€74,980 | +348.4% |
| Stocks | 30/36 | €21,520 | €96,500 | +€74,980 | +348.4% |
| Amounts receivable within one year | 40/41 | €71,645 | €249,323 | +€177,677 | +248.0% |
| Trade receivables | 40 | €31,405 | €208,612 | +€177,207 | +564.3% |
| Other amounts receivable | 41 | €40,240 | €40,710 | +€470 | +1.2% |
| Cash at bank and in hand | 54/58 | €541 | €2,004 | +€1,463 | +270.5% |
| Deferred charges and accrued income | 490/1 | €1,501 | €150 | -€1,352 | -90.0% |
| Total equity and liabilities | 10/49 | €140,661 | €381,705 | +€241,044 | +171.4% |
| Equity | 10/15 | €245 | -€13,341 | -€13,586 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,755 | -€16,341 | -€13,586 | -493.2% |
| Amounts payable | 17/49 | €140,415 | €395,046 | +€254,630 | +181.3% |
| Amounts payable after more than one year | 17 | €27,205 | €20,467 | -€6,738 | -24.8% |
| Financial debts | 170/4 | €27,205 | €20,467 | -€6,738 | -24.8% |
| Amounts payable within one year | 42/48 | €113,210 | €374,578 | +€261,368 | +230.9% |
| Current portion of amounts payable after more than one year | 42 | €6,392 | €6,738 | +€346 | +5.4% |
| Trade debts | 44 | €36,402 | €254,780 | +€218,378 | +599.9% |
| Suppliers | 440/4 | €36,402 | €254,780 | +€218,378 | +599.9% |
| Taxes, remuneration and social security | 45 | €25,765 | €45,078 | +€19,313 | +75.0% |
| Taxes | 450/3 | €18,143 | €37,073 | +€18,930 | +104.3% |
| Remuneration and social security | 454/9 | €7,622 | €8,005 | +€383 | +5.0% |
| Other amounts payable | 47/48 | €44,651 | €67,983 | +€23,332 | +52.3% |
| Remuneration, social security and pensions | 62 | €79,483 | €79,399 | -€84 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,429 | €11,725 | +€4,296 | +57.8% |
| Other operating charges | 640/8 | €4,066 | €3,947 | -€119 | -2.9% |
| Gross operating margin | 9900 | €93,833 | €86,007 | -€7,825 | -8.3% |
| Operating profit (loss) | 9901 | €2,854 | -€9,064 | -€11,918 | |
| Financial income | 75/76B | €1,114 | - | -€1,114 | |
| Recurring financial income | 75 | €1,114 | - | -€1,114 | |
| Financial charges | 65/66B | €3,096 | €4,523 | +€1,426 | +46.1% |
| Recurring financial charges | 65 | €3,096 | €4,523 | +€1,426 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €871 | -€13,586 | -€14,458 | |
| Income taxes | 67/77 | €2,168 | - | -€2,168 | |
| Profit (loss) for the period | 9904 | -€1,297 | -€13,586 | -€12,289 | -947.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,297 | -€13,586 | -€12,289 | -947.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.